Business: Algonquin Power is a renewable energy and utility company that provides energy and water solutions and services in North America and internationally.
Algonquin Power is a utility company based in Canada with most of its assets in the United States.
Instead, the acquisition would have added to an already over-leveraged balance sheet, putting Algonquin Power in an even less stable financial position.
So, companies like Algonquin Power will close facilities and retire equipment and build new facilities and buy new equipment that can be added back into the rate base.
Algonquin Power is a holding in the fund.
Persons:
Arun Banskota, Ken Squire, Squire
Organizations:
Algonquin Power, Algonquin Power's, Kentucky Power, Federal Energy Regulatory, JPMorgan, 13D, Algonquin
Locations:
Algonquin, North America, Canada, United States, EBITDA